Compass East works with high-growth professional service companies to implement scalable financial operations.
Our team builds scalable processes for high-growth companies, offering cost-effective fractional accounting services for professional services that empower your organization to maximize growth.
Professional Finance and Accounting Consulting Services
The staff of certified public accountants (CPAs) and professionals at Compass East utilize cloud-based technology to provide personalized guidance and service. Our financial management enables your team’s leadership to approach decision-making and problem-solving with confidence. By simplifying complex information, our approachable advisors turn financial insights into growth opportunities for your company.
We offer bookkeeping services for professional services companies and in accounting operations via technology, freeing you to focus on customers, sales and procedures instead of day-to-day accounting.
Compass East sets your organization up for a competitive advantage over the competition. We establish scalable systems and processes, an outsourced finance and accounting department and strategic financial advisory services that include growth plans such as acquisition assessments, debt advisory resources and equity-raise insights.
Other professional finance and accounting solutions include:
KPI Dashboard Management
Compass East tracks and establishes quality key performance indicators (KPIs) for business health and performance to maximize valuation. By integrating powerful visualization and reporting dashboards into our overarching financial ecosystems, we can provide game-changing resources for fast-growing firms.
Professional KPI dashboard management solutions help us integrate actionable financial insights into metrics, including customer acquisition cost (CAC), lifetime value (LTV) and Average ARR. We use metrics to deliver vital pictures of your productivity, such as operating leverage, recurring revenue per employee (RPE) and gross profit margin (GPM).
These insights will facilitate strategic decision-making and growth opportunities within your company.
Cash Forecasting
When tracking the money that goes into and out of your organization, precise data is necessary for more accurate insights and reporting. Compass East ensures the collection of up-to-date, accurate data that will shed light on cash flow management forecasts, trends and accounting problems.
Controller Review and Financial Statement Preparation
Compass East offers outsourced controller review and clean financials to build trust in revenue numbers.
Accounts Payable/Accounts Receivable Management
We gather a clear understanding of projected new hires based on company benchmarks, the timing of accounts payable/accounts receivable (AP/AR) and the monthly variable and fixed operational costs. Then we pull the necessary data from your pipeline management tools and customer relationship management (CRM) program to deliver a detailed projection of upcoming revenue opportunities.
Payroll Administration
Compass East can help you mitigate tasks necessary to organize the compensation of employees, including managing payments and keeping totals of rates of pay and hours worked.
Fundraising Advisory
Our advisors can help you develop and craft the right fundraising plans and policies for your organization.
Our Professional Services Financial Strategy
Our process starts with building a foundation and financial infrastructure to support your organization’s unique needs. Constructed from the ground up, this foundation allows professional services companies to scale their finance and accounting operations.
Our process includes:
- Implementing our best-practice, cloud-based technology stack.
- Establishing a streamlined process for contract management and revenue recognition.
- Aligning the chart of accounts to quality KPIs.
Outsourced Finance and Accounting Services for Your Firm
As a fast-growing professional service company, virtual accounting and finance consulting services can help you focus on your organization’s needs more efficiently than an in-house chief financial officer (CFO).
Compass East has spent years optimizing our services for high-growth companies’ ever-changing needs. When you choose outsourced finance and accounting services from Compass East, you’ll enjoy a broad spectrum of benefits for your organization, including:
Cost Effective
Outsourcing your finance and accounting services is generally more cost-effective than hiring your own team. It relieves you from the responsibility of paying benefits, time-off, insurance, salary and payroll taxes and saves you the money and time required to train and recruit.
Reduced Fraud and Increased Controls
Moving your accounting to a third party allows for greater internal controls and reduces the risk of fraud. Professional services accounting services will help you flag errors and identify inconsistencies.
Access to Trustworthy Data
Sound financial data is the backbone of your business decisions. When you gain access to efficient software and outsource your accounting, you can collect the data you care about while building reports and charts around it. Professional service outsourced accounting will empower you to make growth-driven decisions with confidence.
Expert Assistance and Leading Software
Investing in fractional accounting services from Compass East will help you get a higher return on investment (ROI). With a well-rounded group of analysts, CPAs, controllers and other professionals, we bring an unmatched level of expertise to your financial strategy.
Compass East builds a solid foundation for your company’s advancement with our bottom-up approach. We help you find hard-to-reach data, boost profits and scale further with professional accounting strategies encompassing forecasting capabilities and a KPI dashboard. Industry-leading software allows us to take on more complex functions such as project accounting, inventory management, revenue recognition and more.
Increased Ability to Drive Core Business Functions
When you outsource your accounting services, you can put money toward activities that will increase revenue, including improving current products, hiring staff in sales departments, building inventory and developing a website.
Why Work With Compass East?
When you work with Compass East for professional services, financial planning and cash flow management, you’ll enjoy:
- A bottom-up finance and accounting process to create automation and efficiency opportunities.
- Actionable financial reports and scalable financial operations.
- KPI and cash forecasting dashboard development and visibility.
- Access to partner networks.
- Forward-looking financial strategies.
- Impressive finance and accounting technology development in an operational ecosystem.
- Automating information collection and increasing efficiency when we implement our Technology Stack via the Application Programming Interface (API).
